a farmer borrowed rupees 2400 at 12% interest per annum. At the end of 2 1/2 year he cleared his debt by paying rupees 1200 and giving a cow. What is the cost of the cow?
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Answer:
SI = P*R*T/100 = 2400*12*5/100*2 = 720
Amount has to pays = 2400+720 = 3120
he gave 1200 and a cow ,
so , price of cow = 3120-1200 = 1920 (Ans.)
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